Xwing: Raises $40M at $400M Valuation

April 14, 2021

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Xwing is a VC-backed company assembling world-class engineering talent from the aerospace and software industries

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Xwing, a San Francisco, CA-based automation company for aviation, raised $40m in funding at a $400m valuation
The round, which brought total capital raised to $55m, was led by Blackhorn Ventures, with participation from ACME Capital, Loup Ventures, R7 Partners, Eniac Ventures, Alven Capital and Array Ventures
The company intends to use the funds to scale its innovation and team
Led by Marc Piette, CEO and founder, Xwing has developed autonomous technology for regional air cargo
Its human-operated software stack integrates with existing aircraft to enable regional pilotless flight
The company recently completed a fully autonomous gate-to-gate demonstration of a commercial cargo aircraft that saw a Cessna Grand Caravan 208B leave the gate, taxi, take-off